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Browns food group ltd
Registration Number
SC236133Incorporation Date
30/08/2002Last Annual Return
Not availableAddress
Unit 1, Kelloholm Industrial Estate, Sanquhar, Dumfriesshire. DG4 6RB
Website
www.brownsfoodgroup.comAudit Fees
£188,000Secretary
Not available
Directors
Active
Mr Wayne Godfrey (54 yrs)
Active
Mr Tom Wood (61 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 165367 | 194301 | 215390 | 251678 | 296980 |
| Directors Fees | 402 | 312 | 335 | 343 | 412 |
| Gross Profits | 42553 | 52291 | 53632 | 60459 | 71342 |
| Value Added | 40719 | 49764 | 51823 | 59417 | 70697 |
| Trading Profit | 14428 | 17272 | 19575 | 22854 | 31472 |
| Depreciation | 3395 | 3864 | 3987 | 5431 | |
| Non-Trading Income | 76 | 0 | 0 | 548 | 0 |
| Total Interest Charges | 0 | 70 | 35 | 338 | 406 |
| Pre-tax Profit | 11109 | 13338 | 15553 | 17633 | 24549 |
| Retained Profit (Shareholders Funds) | 7459 | 9507 | 9746 | 9396 | 10580 |
| Fixed Assets | 12397 | 22867 | 25893 | 28202 | 33842 |
| Intangibles | 0 | -102 | -72 | -596 | -715 |
| Intermediate Assets | 0 | 2 | 2 | 2 | 2 |
| Stocks | 18718 | 19872 | 20126 | 23663 | 27922 |
| Debtors | 26557 | 34326 | 33296 | 36987 | 43645 |
| Cash or Equivalent | 23254 | 23626 | 25049 | 35226 | 39712 |
| Total Current Assets | 68529 | 77824 | 78471 | 95876 | 111279 |
| Creditors | 14071 | 17812 | 17540 | 26127 | 35454 |
| Short Term Borrowing | 906 | 5022 | 975 | 1074 | 0 |
| Other Current Liabilities | 6997 | 7087 | 6047 | 8247 | 9896 |
| Total Current Liabilities | 21974 | 29921 | 24562 | 35448 | 45350 |
| Net Current Assets | 46555 | 47903 | 53909 | 60428 | 65929 |
| Shareholders Funds | 56098 | 65605 | 75351 | 84747 | 95327 |
| Total Loan Capital | 0 | 78 | 0 | 67 | 0 |
| Other Capital Employed | 2854 | 4987 | 4381 | 3109 | 3731 |
| Total Capital Employed | 58952 | 70670 | 79732 | 87923 | 99058 |
| Pretax Profit Margin % | 6.72 | 6.86 | 7.22 | 7.01 | 8.27 |
| Sales Growth % | 1 | 17 | 11 | 17 | 18 |
| Pretax Profit Growth % | 21 | 20 | 17 | 13 | 39.00 |
| Debtor Ratio Days | 58 | 64 | 56 | 53 | 53.4940201368415 |
| Creditor Ratio Days | 31 | 33 | 30 | 38 | 43.4553763141792 |
| Stock Turnover | 9 | 10 | 11 | 11 | 10.6359295102058 |
| Sales £000 / Employee | 148 | 149 | 181 | 193 | 212.142375478927 |
| Value Added £000/Empl. | 37 | 38 | 44 | 46 | 50.4978571428571 |
| Av. Remun. £000 / Empl. | 24 | 25 | 27 | 28 | 28.0176245210728 |
| Total Empl. Remu. £000 | 26291 | 32492 | 32248 | 36563 | 39224.6743295019 |
| Employees | 1115 | 1300 | 1188 | 1305 | 1400 |
| Pretax Profit/Total Assets % | 14 | 13 | 15 | 14 | 17 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 16.8% in the latest year, well above the industry average of 1.7%.
- The company lies an excellent 4th in terms of Pretax Profits in this industry.
- Gross Profit Margin is 24.0% in the latest year, well above the industry average of 19.9%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years. Only 8 other companies achieved this.
- Pretax Profit Margin is 7.0% in the latest year, well above the industry average of 4.9%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 9 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 16 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £252m sales and made £17.6m, by following the proposal plan, sales would rise to £297m and profits would rise to £24.5m.
Key Attractiveness Features
- ADD £252m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 165367 | 194301 | 215390 | 251678 | 296980 |
| Pre-tax Profit (£000) | 11109 | 13338 | 15553 | 17633 | 24549 |
| Total Value (£000) | 114847 | 145565 | 158860 | 177088 | 231531 |
| Asset Value (£000) | 57672 | 76965 | 79245 | 88258 | 104696 |
| Goodwill (£000) | 57175 | 68600 | 79615 | 88830 | 126835 |
| Liabilities (£000) | -1574 | -11360 | -3894 | -3398 | -9369 |
| Equity Value (£000) | 113273 | 134205 | 154966 | 173690 | 222162 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BFG (HOLDINGS) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
BROWNS MANUFACTURING LTD
IMPORTO LTD
JOHN ROBERTSON & SONS HAMCURERS LTD
LAIRDS FOODS LTD
QUALITY PORK PROCESSORS LTD
MANIFESTO FOODS LTD
Acquisition / Valuation Comments
This company has been established 24 years.
The number of shareholders is low (1).
1 director is over 60 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £177.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 17% return on total assets.
The company's value would increase by 31% if the proposed business plan was followed.
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